Focus Partners Advisor Solutions LLC Buys Shares of 1,916 Parker-Hannifin Corporation $PH

Key Points

• Focus Partners Advisor Solutions purchased 1,916 Parker-Hannifin shares worth approximately $1.875 million during the second quarter. Institutional investors and hedge funds collectively own 82.44% of the company.
• Analysts maintain a positive outlook, with 18 Buy ratings and four Holds producing a consensus “Moderate Buy” rating and average price target of $1,100.
• Parker-Hannifin reported quarterly EPS of $9.27, exceeding estimates by $0.96, while revenue rose 9.8% year over year to $5.75 billion. Shares recently opened at $1,055.34, near the company’s 52-week high of $1,099.94.

Focus Partners Advisor Solutions LLC purchased a new position in shares of Parker-Hannifin Corporation (NYSE:PH - Free Report) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 1,916 shares of the industrial products company's stock, valued at approximately $1,875,000.

A number of other large investors also recently modified their holdings of PH. Optas LLC raised its stake in shares of Parker-Hannifin by 3.1% during the first quarter. Optas LLC now owns 370 shares of the industrial products company's stock valued at $331,000 after purchasing an additional 11 shares in the last quarter. Moneta Group Investment Advisors LLC grew its position in Parker-Hannifin by 1.8% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 614 shares of the industrial products company's stock valued at $540,000 after buying an additional 11 shares in the last quarter. Inspire Advisors LLC increased its stake in Parker-Hannifin by 1.2% during the 4th quarter. Inspire Advisors LLC now owns 917 shares of the industrial products company's stock valued at $807,000 after buying an additional 11 shares during the period. RFG Advisory LLC raised its position in shares of Parker-Hannifin by 0.3% during the 1st quarter. RFG Advisory LLC now owns 3,740 shares of the industrial products company's stock worth $3,348,000 after buying an additional 12 shares in the last quarter. Finally, Allen Capital Group LLC lifted its stake in shares of Parker-Hannifin by 4.8% in the 1st quarter. Allen Capital Group LLC now owns 264 shares of the industrial products company's stock worth $236,000 after acquiring an additional 12 shares during the period. 82.44% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on PH. BNP Paribas Exane reiterated an "outperform" rating and issued a $1,220.00 price objective (up from $1,090.00) on shares of Parker-Hannifin in a report on Friday, August 7th. Mizuho set a $1,050.00 target price on Parker-Hannifin in a report on Friday, May 1st. Stifel Nicolaus set a $1,075.00 target price on Parker-Hannifin in a research report on Friday, August 7th. Wall Street Zen upgraded shares of Parker-Hannifin from a "hold" rating to a "buy" rating in a research report on Saturday, August 8th. Finally, JPMorgan Chase & Co. dropped their price target on Parker-Hannifin from $1,100.00 to $1,060.00 and set an "overweight" rating on the stock in a research note on Thursday, May 7th. Eighteen equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $1,100.00.

Parker-Hannifin Price Performance

PH opened at $1,055.34 on Friday. The stock has a market cap of $133.07 billion, a price-to-earnings ratio of 37.04, a PEG ratio of 2.75 and a beta of 1.12. Parker-Hannifin Corporation has a 1 year low of $715.37 and a 1 year high of $1,099.94. The company has a current ratio of 1.26, a quick ratio of 0.74 and a debt-to-equity ratio of 0.44. The stock has a fifty day moving average price of $971.32 and a 200 day moving average price of $945.51.

Parker-Hannifin (NYSE:PH - Get Free Report) last issued its earnings results on Thursday, August 6th. The industrial products company reported $9.27 EPS for the quarter, beating analysts' consensus estimates of $8.31 by $0.96. Parker-Hannifin had a return on equity of 28.48% and a net margin of 16.97%.The firm had revenue of $5.75 billion for the quarter, compared to the consensus estimate of $5.57 billion. During the same quarter in the previous year, the company posted $7.69 earnings per share. The business's quarterly revenue was up 9.8% compared to the same quarter last year. Parker-Hannifin has set its FY 2027 guidance at 34.250-35.250 EPS. Analysts forecast that Parker-Hannifin Corporation will post 34.88 EPS for the current fiscal year.

Parker-Hannifin Profile

Parker-Hannifin Corporation NYSE: PH is a global manufacturer and provider of motion and control technologies and systems. The company designs, manufactures and services a broad range of engineered components and systems used to control the movement and flow of liquids, gases and hydraulic power. Its product portfolio is applied across demanding environments and includes solutions for industrial manufacturing, aerospace, mobile equipment and other engineered applications.

Parker-Hannifin's product and service offerings span hydraulic and pneumatic components, fittings and fluid connectors, valves, pumps and motors, electromechanical actuators and motion-control systems, filtration and separation products, and seals and sealing systems.

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